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New property listed in Calverhall, North Vancouver

I have listed a new property at 1090 ADDERLEY ST in North Vancouver. See details here

Step into this expansive family haven, where modern elegance effortlessly merges innovative design! This exceptional home boasts a meticulously crafted open-concept layout on the main floor, perfect for entertaining! The spacious primary suite offers cityscape views & a lavish ensuite, exuding luxury & serenity. The heart of the home lies in the sleek kitchen, featuring a convenient pantry & expansive island. Relax by the gas fireplace in the living rm or dine in the adjoining area, seamlessly flowing into the backyard retreat. Discover a covered patio & putting green, ideal for social gatherings. The lower level offers a bar, media room, and a family flex space. At the same time, a separate 2 bdrm LEGAL suite provides an exceptional income-generating opportunity with a private entrance!

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I have sold a property at 314 INGLETON AVE N in Burnaby

I have sold a property at 314 INGLETON AVE N in Burnaby on Apr 23, 2024. See details here

Vancouver Heights - North Burnaby's most coveted neighborhood. Rare 6095 sqft property at the top of the Heights with 53' of frontage on the park. First time on the market in 67 yrs. Terrific opportunity to build your dream home with mountain views from your roof-top deck! Incredible lifestyle - close to Hwy 1, walk to shops & restaurants in the Heights, stroll the Trans Canada Trail, or enjoy nearby Burnaby Heights Park, Confederation Park, Pool, Library and new Rec Centre planned. The 3157 sq ft home has 4 beds, den, 2 baths, family rm, living rm, kitchen, & unfinished basement, lovingly maintained in its original condition. Value is in the land. Check with the City about their "housing choices" and the latest building potential afforded by this desirable large flat lot. By appt only.

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I have sold a property at 2052 PURCELL WAY in North Vancouver

I have sold a property at 2052 PURCELL WAY in North Vancouver on Apr 23, 2024. See details here

This chic updated 1307 sqft three bedroom 2.5 bathroom townhouse at Purcell Woods is a must see. Perfectly located backing onto the swimming pool this is an ideal property for families wanting to get into a townhouse. Rural setting close to hiking & biking trails this is a close knit community. Renovated over the years, it benefits from an updated kitchen and bathroom with granite countertops, new laminate floors in 2024 in the living room/dining room. It has 3 good sized bedrooms upstairs and 2 bathrooms, with an additional powder room on the main floor. Plenty of room for a growing family looking to enjoy more space. Located close to HW1 and the bus station, good schools, Dollarton Plaza, Park and Tilford, maple farm and more. OPEN HOUSE Sat 20th April 12-2pm.

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New property listed in Lynnmour, North Vancouver

I have listed a new property at 2052 PURCELL WAY in North Vancouver. See details here

This chic updated 1307 sqft three bedroom 2.5 bathroom townhouse at Purcell Woods is a must see. Perfectly located backing onto the swimming pool this is an ideal property for families wanting to get into a townhouse. Rural setting close to hiking & biking trails this is a close knit community. Renovated over the years, it benefits from an updated kitchen and bathroom with granite countertops, new laminate floors in 2024 in the living room/dining room. It has 3 good sized bedrooms upstairs and 2 bathrooms, with an additional powder room on the main floor. Plenty of room for a growing family looking to enjoy more space. Located close to HW1 and the bus station, good schools, Dollarton Plaza, Park and Tilford, maple farm and more. OPEN HOUSE Sat 20th April 12-2pm.

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New property listed in Vancouver Heights, Burnaby North

I have listed a new property at 314 INGLETON AVE N in Burnaby. See details here

Vancouver Heights - North Burnaby's most coveted neighborhood. Rare 6095 sqft property at the top of the Heights with 53' of frontage on the park. First time on the market in 67 yrs. Terrific opportunity to build your dream home with mountain views from your roof-top deck! Incredible lifestyle - close to Hwy 1, walk to shops & restaurants in the Heights, stroll the Trans Canada Trail, or enjoy nearby Burnaby Heights Park, Confederation Park, Pool, Library and new Rec Centre planned. The 3157 sq ft home has 4 beds, den, 2 baths, family rm, living rm, kitchen, & unfinished basement, lovingly maintained in its original condition. Value is in the land. Check with the City about their "housing choices" and the latest building potential afforded by this desirable large flat lot. By appt only.

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Increased seller activity is giving buyers more choice this spring 

The number of Metro Vancouver homes listed for sale on the MLS® rose nearly 23 per cent year-over-year, providing more opportunity for buyers looking for a home this spring. 

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,415 in March 2024, a 4.7 per cent decrease from the 2,535 sales recorded in March 2023. This was 31.2 per cent below the 10-year seasonal average (3,512). 

“If you’re finding the weather a little chillier than last spring, you may find some comfort in knowing that the market isn’t quite as hot as it was last spring either, particularly if you’re a buyer,” Andrew Lis, GVR’s director of economics and data analytics said. “Despite the welcome increase in inventory, the overall market balance continues inching deeper into sellers’ market territory, which suggests demand remains strong for well-priced and well-located properties.”  

There were 5,002 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2024. This represents a 15.9 per cent increase compared to the 4,317 properties listed in March 2023. This was 9.5 per cent below the 10-year seasonal average (5,524). 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 10,552, a 22.5 per cent increase compared to March 2023 (8,617). This is 6.3 per cent above the 10-year seasonal average (9,923). 

Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2024 is 23.8 per cent. By property type, the ratio is 18.2 per cent for detached homes, 31.3 per cent for attached, and 25.8 per cent for apartments. 

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. 

“Even though the market isn’t quite as hot as it was last year, we’re still seeing modest month-over-month price gains of one to two per cent happening at the aggregate level, which is an interesting dynamic given that borrowing costs remain elevated,” Lis said. “With the latest inflation numbers trending in the right direction, it remains likely that we’ll see at least one or two modest cuts to the Bank of Canada’s policy rate in 2024, but even if these cuts come, they may not provide the boost to affordability many had been hoping for. As a result, we expect constrained borrowing power to remain a challenging headwind as we move into the summer months.”  

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,196,800. This represents a 4.5 per cent increase over March 2023 and a 1.1 per cent increase compared to February 2024. 

Sales of detached homes in March 2024 reached 694, a 5.4 per cent decrease from the 734 detached sales recorded in March 2023. The benchmark price for a detached home is $2,007,900. This represents a 7.4 per cent increase from March 2023 and a 1.8 per cent increase compared to February 2024. 

Sales of apartment homes reached 1,207 in March 2024, a 7.9 per cent decrease compared to the 1,311 sales in March 2023. The benchmark price of an apartment home is $777,500. This represents a 5.7 per cent increase from March 2023 and a 0.9 per cent increase compared to February 2024. 

Attached home sales in March 2024 totalled 495, a 6.2 per cent increase compared to the 466 sales in March 2023. The benchmark price of a townhouse is $1,112,800. This represents a 5 per cent increase from March 2023 and a 1.7 per cent increase compared to February 2024. 

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